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TreyHighPwr

USOIL HTF Daily Rejection Candle indicating us to go SHORT...?

Short
Light Crude Oil Futures (NYMEX:CL1!)  
TreyHighPwr Updated   
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Chart Patterns Technical Indicators
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CL1!

“If my mind can conceive it and my heart can believe it - then I can achieve it.” - Muhammad Ali

HOUSE CALL for a potential SHORT this week.....This is simple what I'll be looking for!

1) On the Daily TF we have a HUGE rejection Candle at the Daily Resistance leave $84.00 Per Barrell and now Price is currently trading above this Daily Demand Zone that I eventually want to see fail...
2) If and when this Daily Demand Zone fails then I want to see candle closures underneath on the 30m TF & below....
3) Also If this Daily Demand Fails then the Price for OIL will fall underneath $80.00 Per Barrel in which is a big psychological Institution # within the Markets, so I was taught!!
4) If we can get the sequence of events to take place as I stated above then I'll be compelled to enter SHORT off the retest of $80.00 Per Barrel & cover the high for my stop.... Ill be targeting the next Major Un-Mitigated Daily Demand Zone below which is around pricing $77.75 Per Barrel... Roughly around 225 pts in our Favor, we can secure +2.5-3R % Gain depending on your given management system...ALSO once price breaks underneath $80.00 Per Barrel and we have confirmed candle closures underneath on the 30m TF & Below, price also need to be trading underneath the RED V-Wap as a last min. confirmation as its always a higher probable trade when we are trading in favor of the V-Wap IMO>>>

Remember when it comes to FRM (Financial Risk Management) our Job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!

Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
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Oil is moving a lil slow currently....However this is the move I'm looking to capitalize on!! Failure of Demand and a 30m Candle Closure underneath $80.00 Per Barrel...Lets stay focused!! #BHM500K
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Beautiful PA!! #500K
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We need to see a break of the Daily Demand Zone and candle closures underneath Major Key Level $80.00 Per Barrel...Then we should be ready to place Limits Targeting the next Major Daily Demand Zone!!! #500K
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